Bandhan Bank Q4 Review - Near Term Uncertainty Persists: ICICI Direct
A Bandhan Bank branch and ATM in Kolkata. (Source: Bandhan Bank)

Bandhan Bank Q4 Review - Near Term Uncertainty Persists: ICICI Direct


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ICICI Direct Report

Bandhan Bank Ltd. posted weak results on the operating front with elevated provisioning hurting profitability.

Asset quality performance and developments in key states like Assam and West Bengal would call for a cautious approach in the near term.

Collection efficiency (including write-off) saw improvement from 92% to 95% QoQ in the micro banking segment.

Key state of Bengal saw collections rise from 90% to 95% QoQ but in Assam collection efficiency dipped from 88% to 83%.

As per management commentary, collections in April 2021 declined approximately 3-4% from the March level.

Click on the attachment to read the full report:

ICICI Direct Bandhan Bank Q4FY21 Result Update.pdf


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